>
10 bedroom block of apartments for sale
The Broadway, London
£2,750,000
The Broadway, London
£2,750,000
Our Summary
- SUMMARYAVAILABLE AT £2,750,000 - Two substantial freehold buildings arranged as two ground floor shops (98 The Broadway benefits from a basement level) and two first and second floor residential units (7 room HMO and three bedroom flat)Planning permission for 9 new self-contained flatsInvestment (Rent reserved: £188,129
- 88 pa)DESCRIPTIONTwo substantial freehold buildings arranged as two ground floor shops (98 The Broadway benefits from a basement level) and two first and second floor residential units (7 room HMO and three bedroom flat)Planning permission for 9 new self-contained flats Investment (Rent reserved: £188,129
- Planning permission for nine new self-contained flats has been granted
- 88 per annumPlanning:Planning permission was granted by The London Borough of Merton on the 16th November 2018 under planning application reference 15/P1569 for alterations and extensions to create 8 x 1 bedroom flats and 1 x 2 bedroom flat to the upper floors and extension to retail unitNote: Both tenants have expressed a desire for their leases to be extended once the term ends
- UNSOLD AT AUCTION
Description
This property is a unique investment opportunity comprising two substantial freehold buildings in a busy retail area of Wimbledon. The ground floor shops are let to Phokas Barbers and Decorator's Mate, with planning permission granted for nine new self-contained flats above. The existing residential units, a 7-room HMO and a 3-bedroom flat, are let, generating a total rent of £188,129.88 per annum. The property benefits from a prime location, with excellent transport links and a densely populated residential catchment. The vendor has already paid the community infrastructure levy and pre-installed electric meters for the new residential parts. The property offers a rare chance to create a significant residential development in a highly sought-after area.